India's coal imports jumped 19% in 2014: mjunction

At 163 million tonnes, imports of thermal coal used by power companies jumped 22 percent in 2014

Coal shipments to India, the world's third-largest importer, rose 19 percent to 210.6 million tonnes last year driven by an even bigger jump in purchases of the variety used in power generation, online trader mjunction said.

Imports have risen over the past four years as India adds capacity to supply round-the-clock power to its 1.2 billion people, a third of whom live without electricity.

Lower-than-expected output from state giant Coal India is also boosting imports.

At 163 million tonnes, imports of thermal coal used by power companies jumped 22 percent in 2014. Coking coal, a steelmaking raw material, saw a 4 percent rise to 37 million tonnes, according to the provisional data from mjunction.

Anthracite coal, met coke and pet coke made up the rest of the shipments.

Imports fell slightly in December to 15.30 million tonnes as good weather helped Coal India ramp up supply.

Coal India may not maintain the pace in January:

Workers at the world's top coal producer began a five-day strike on Tuesday in protest at Prime Minister Narendra Modi's move to allow private companies to mine and sell the fuel for the first time in 42 years.

The government does not regularly release coal import figures. Mjunction's data is based on port figures, monitoring of vessel positions and data from shipping firms.

Coal India stock price

On January 06, 2015, Coal India closed at Rs 374.90, down Rs 3.9, or 1.03 percent. The 52-week high of the share was Rs 423.85 and the 52-week low was Rs 240.50.

The company's trailing 12-month (TTM) EPS was at Rs 21.06 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 17.8. The latest book value of the company is Rs 26.04 per share. At current value, the price-to-book value of the company is 14.40.

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